Dollar-Yen Falls To Seven-Month Lows: Is the Carry Trade Now Broken? Every one of those things is supposed to push the dollar higher against the yen. That has been the script for years, and the script has a name: the carry trade.
That chain of logic just snapped.
The dollar-yen exchange rate just fell to its lowest level since February. The pair traded at 154.35 on Monday, down 1.18% on the day after touching 154.05 intraday. https://www.benzinga.com/markets/forex/26/09/61648997/dollar-yen-7-month-low-carry-trade-broken
Benzinga
Dollar-Yen Hits 7-Month Low: Is The Carry Trade Broken? - JPMorgan Chase (NYSE:JPM), Invesco CurrencyShar
The yen hit its strongest level since February even as traders raised Fed hike odds. JPMorgan had flagged 155 as the level that triggers a short squeeze.
3September 7, 2026 967 4
